A loan of $175 helped to purchase additional products to sell.

Lolina's story

Lolina B., from the village of North Poblacion, Guinsiliban, Camiguin Province, is 46 years old, married, and has one school-aged child. To make a living, Lolina owns and operates a sari-sari (variety) retail shop selling both food and daily use products in the local community. Engaged in her business for over three years, she earns approximately 5,000 PHP a month.

In 2009, Lolina joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Having repaid her previous loan of 4,000 PHP from HSPFI that was used to invest in expanding the business, Lolina is requesting a new loan, her second, of 7,000 PHP which will be used to purchase additional products to sell. She plans to use the additional revenue generated from the business to improve/expand her business.

About HSPFI:

HSPFI is one of the accredited partners of Opportunity International in the Philippines. It is based in Cagayan de Oro City and is reaching out to the poor households of Northern Mindanao.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, we created this template for our field staff to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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Loan details